Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2836 Us Route 11 Mexico, NY 13131

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $425,000

    74.23-acre property with forests and fields near Salmon River.

    Lot size:
    74.23 Acres

    Property Features for 2836 Us Route 11

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    74.23 Acres

    We can help!

    Listing Contact
    Andrea Wisgo
    Andrea Wisgo
    Source: Elliman

    Listing Agency: Salmon River Realty Listing Agent: Andrea Wisgo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Expansive Land in Upstate NY

    This 74.23-acre property in Mexico, NY, offers a blend of forested areas and agricultural fields. The world-famous Salmon River is located minutes away, offering fishing opportunities. Interstate 81 is easily accessible from the property. This property presents an opportunity to create a haven for outdoor enthusiasts, hunters, or those looking to start a homesteading farm.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Grocery & Convenience Store Supermarket

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mexico
    County
    Oswego
    State
    New York
    Longitude
    -76.145106
    Latitude
    43.459443

    Nearby Similar for Sale

    • $1,500,000
      3,718 SF

      Unique Income-Producing Multifamily Property

      Well-maintained multifamily property with long-term tenants and Airbnb potential.
      3418 State Route 104, Mexico, NY 13114
      View Details
    • $349,900
      1,370 SF

      Turnkey Inn in Salmon Country

      Established inn with rentals and business opportunities in Mexico, NY.
      239 State Route 104B, Mexico, NY 13114
      View Details
    • $1,500,000

      Unique Income-Producing Apartment Buildings

      Well-maintained apartments with long-term tenants and potential office space.
      3418 State Route 104, Mexico, NY 13114
      View Details
    • $225,000

      40 Acre Farm with Creek

      40-acre farm featuring barns, creek, and road frontage.
      173 Green Rd, Mexico, NY 13114
      View Details
    • $385,000
      10,192 SF

      Profitable Motel and Restaurant Opportunity

      20-room motel and restaurant with recurring business near Oswego, NY.
      3738 County Route 6, Mexico, NY 13114
      View Details
    • $350,000
      1,370 SF

      Prime Mexico, NY Business Opportunity

      Turnkey Inn with Rentals & High Visibility
      239 State Route 104B, Mexico, NY 13114
      View Details
    • $379,900
      17,304 SF

      Downtown Mexico, NY Mixed-Use

      Prime location, Restore NY grant awarded.
      3302 Main St, Mexico, NY 13114
      View Details
    • $89,900
      6,139 SF

      Prime Mexico Commercial Space

      High-traffic location, versatile space, great visibility.
      80 Jefferson St, Mexico, NY 13114
      View Details

    FAQs

    What type of property is this?
    Land - 74.23-acre property with forests and fields near Salmon River.
    Where is this land located?
    The property is located at 2836 Us Route 11 Mexico, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - 74.23-acre property offering a blend of forested areas and agricultural fields.; - Minutes away from the Salmon River, known for fishing.; - Suitable for outdoor enthusiasts, hunters, or homesteading farmers.
    (315) 298-7060
    Request Owner's contact information
    2836 Us Route 11 Mexico, NY 13131
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2836 Us Route 11
    Mexico, NY 13131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2836 Us Route 11 Mexico, NY 13131
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrea Wisgo
    Andrea Wisgo
    (315) 298-7060 (315) 591-6920
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!